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August 20, 2009
DOJ Ends Probe Into Flash Memory Chip Market
The U.S. Department of Justice confirmed Thursday that it had ended its antitrust probe into price-fixing in the flash memory chip market.
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August 20, 2009
FDA Warns Cos. About Marketing Ibuprofen Products
Progressive Emu Inc., Wonder Laboratories and six other drug manufacturers have received warning letters from the U.S. Food and Drug Administration that they are marketing pain-relieving ointments that include ibuprofen without federal approval, the FDA said Thursday.
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August 20, 2009
Australia Passes Renewable Energy Bill
Australia's lawmakers have passed legislation that requires 20 percent of the country's electricity supply to come from renewable sources by 2020.
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August 20, 2009
East Africa To Boost Cross-Border Trade Laws
Members of the East African Community trade bloc reportedly plan to adjust their commercial laws in several areas, including banking and insurance, in an effort to increase transparency and raise investors' confidence in cross-border transactions.
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August 20, 2009
Australian Sen. Panel Urges Fertilizer Market Tweaks
An Australian Senate committee has recommended that the country's antitrust laws related to restrictive trade practices be reviewed and amended to ensure they can properly address abuses of market power, as part of a final report issued Thursday examining price increases in the fertilizer market.
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August 20, 2009
FERC, Maine Forge Deal For East Coast Tidal Power
The Federal Energy Regulatory Commission and Maine are teaming up to coordinate procedures and schedules for reviewing hydrokinetic projects off the state's coast, forging the first official federal-state partnership for tidal energy projects on the East Coast.
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August 20, 2009
CFTC Hammers At Loopholes In OTC Regulation Plan
The head of the U.S. Commodity Futures Trading Commission has sent key U.S. lawmakers a list of suggested changes to the Obama administration's over-the-counter derivative regulatory proposal, asking Congress to eliminate exemptions and tighten oversight in its final version of the legislation.
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August 20, 2009
GCs Prepare To Deal With Unwanted New Regs
General counsel are overwhelmingly opposed to a regulatory crackdown on such things as audit practices and executive pay, but they are prepping for that possibility anyway, according to a survey released Thursday.
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August 19, 2009
DHS Seeks To Rescind No-Match Regulation
The U.S. Department of Homeland Security has proposed rescinding its controversial no-match rule, which was issued in 2007 to force employers to fire workers whose names did not match their Social Security numbers, but failed to take effect after becoming tied up in a court battle.
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August 19, 2009
Subsidized Chinese Kitchen Imports Harm US: ITC
The U.S. International Trade Commission has decided that imports of kitchen shelving and racks made by Chinese companies that allegedly received electricity subsidies from the Chinese government either harm or threaten domestic producers.
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August 19, 2009
New FDA Unit To Assist In Tobacco Regulation
The U.S. Food and Drug Administration plans to launch a division to oversee the implementation of landmark legislation that recently gave the agency sweeping powers to regulate the manufacturing, marketing and sale of tobacco products.
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August 19, 2009
EPA Targets Airport De-Icing Waste In Proposed Rule
The U.S. Environmental Protection Agency has drafted a new rule that seeks to make de-icing practices on aircraft and at airport runways more environmentally sound, while maintaining air safety as the top priority.
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August 19, 2009
China Likely Dumping Electric Blankets In US: ITC
The U.S. International Trade Commission has decided to pursue its investigation into imports of Chinese-made electric blankets, finding that China is likely dumping the blankets in U.S. markets.
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August 19, 2009
Deutsche Bank Pulls Plug On New Crude Oil Notes
With the U.S. Commodity Futures Trading Commission contemplating new regulations for institutional investors dabbling in oil speculation, Deutsche Bank has announced that it has temporarily stopped issuing a line of long-exposure crude oil exchange-traded notes.
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August 19, 2009
SEC, FINRA Warn Investors Of Fund 'Minefield'
U.S. securities regulators have cautioned retail investors to look before they leap into leveraged and inverse exchange-traded funds, highlighting the long-term risks associated with the complex financial products.
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August 19, 2009
Firms Lash Out At Proposed Proxy Access Rule
Seven major law firms have hit out at a proposed U.S. Securities and Exchange Commission proxy access rule that would allow shareholders to nominate directors in a company's proxy statement, saying it could be unnecessarily disruptive and inflexible.
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August 18, 2009
UK Proposes Tougher Penalties For Directors
The U.K.’s Office of Fair Trading is considering new rules that would disqualify company directors who fail to take steps to prevent their firms from breaking competition laws or who should have known about a breach.
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August 18, 2009
USPTO Grants Apotex's Bid To Review Plavix Patent
The U.S. Patent and Trademark Office has granted generic-drug maker Apotex Corp.'s request for re-examination of Sanofi-Aventis' patent for blood-thinner Plavix, as Apotex fights to break down intellectual property barriers to its attempt to market a generic version of the blockbuster drug.
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August 18, 2009
WTO Rejects US Appeal Over Zeroing
The World Trade Organization's Appellate Body has affirmed that the U.S. violated international trade rules through its controversial method of calculating anti-dumping duties known as zeroing.
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August 18, 2009
SCE Pens Solar Power Project Deal
Southern California Edison Co. said Tuesday it had inked a deal with solar module manufacturer First Solar Inc. to build two large-scale solar power projects that will produce 1.2 billion kilowatt-hours of clean energy per year.